The LAMEA Shortening Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 24,044.63 Tonnes, showcasing a growth of 7.3% (2023-2030).
In the snacks segment, shortening plays a fundamental role in enhancing texture, mouthfeel, and flavor in various products such as cookies, crackers, and pastries. Its ability to impart crispiness and flakiness makes it indispensable in the production of biscuits, where it contributes to the desired texture and structure. Therefore, the UAE market will utilizes 711.28 tonnes of shortening in snacks & savory products by 2030.
The Brazil market dominated the LAMEA Shortening Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $115 Million by 2030. The Argentina market is showcasing a CAGR of 6.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.3% during (2023 - 2030).
In the realm of processed foods and snacks, shortening serves multiple purposes. Its contribution to extended shelf life and capacity to enhance the texture and mouthfeel of products make it an indispensable component in producing crackers, chips, and other snack foods. Shortening is often used to achieve the desired consistency and flavor in processed food items. Shortening is widely employed to enhance the texture of pastries. Its incorporation into pastry doughs, such as puff pastry and short crust pastry, results in layers of flakiness and tenderness. This use is especially prominent in creating baked goods, from flaky croissants to buttery pie crusts.
Additionally, shortening oxidative stability contributes to the extended shelf life of many food products. Its resistance to rancidity and ability to prevent off-flavor development make it an essential ingredient in preserving processed foods, contributing to their longevity on store shelves and in consumers' homes. The unique properties of shortening, including its ability to remain solid at room temperature and contribute to a creamy texture, make it a valuable tool for achieving specific textures and mouthfeel in various culinary applications.
As per the International Trade Administration, the United Arab Emirates leads the Gulf Cooperation Council in eCommerce sales, which surged by 53% in 2020 to a record $3.9 billion, or 10% of overall retail sales. The Dubai Chamber of Commerce and Industry signifies that eCommerce will develop $8 billion in sales by 2025 as the UAE region has nearly 100% internet and mobile phone penetration. Thus, due to these aspects, the shortening market will expand across the LAMEA region in upcoming years.
Based on Source, the market is segmented into Vegetable, and Animal. Based on Application, the market is segmented into Bakery Products, Confectionery Products, Snacks & Savory Products, and Others. Based on Sales Channel, the market is segmented into Indirect Sales, and Direct Sales. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
In the snacks segment, shortening plays a fundamental role in enhancing texture, mouthfeel, and flavor in various products such as cookies, crackers, and pastries. Its ability to impart crispiness and flakiness makes it indispensable in the production of biscuits, where it contributes to the desired texture and structure. Therefore, the UAE market will utilizes 711.28 tonnes of shortening in snacks & savory products by 2030.
The Brazil market dominated the LAMEA Shortening Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $115 Million by 2030. The Argentina market is showcasing a CAGR of 6.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.3% during (2023 - 2030).
In the realm of processed foods and snacks, shortening serves multiple purposes. Its contribution to extended shelf life and capacity to enhance the texture and mouthfeel of products make it an indispensable component in producing crackers, chips, and other snack foods. Shortening is often used to achieve the desired consistency and flavor in processed food items. Shortening is widely employed to enhance the texture of pastries. Its incorporation into pastry doughs, such as puff pastry and short crust pastry, results in layers of flakiness and tenderness. This use is especially prominent in creating baked goods, from flaky croissants to buttery pie crusts.
Additionally, shortening oxidative stability contributes to the extended shelf life of many food products. Its resistance to rancidity and ability to prevent off-flavor development make it an essential ingredient in preserving processed foods, contributing to their longevity on store shelves and in consumers' homes. The unique properties of shortening, including its ability to remain solid at room temperature and contribute to a creamy texture, make it a valuable tool for achieving specific textures and mouthfeel in various culinary applications.
As per the International Trade Administration, the United Arab Emirates leads the Gulf Cooperation Council in eCommerce sales, which surged by 53% in 2020 to a record $3.9 billion, or 10% of overall retail sales. The Dubai Chamber of Commerce and Industry signifies that eCommerce will develop $8 billion in sales by 2025 as the UAE region has nearly 100% internet and mobile phone penetration. Thus, due to these aspects, the shortening market will expand across the LAMEA region in upcoming years.
Based on Source, the market is segmented into Vegetable, and Animal. Based on Application, the market is segmented into Bakery Products, Confectionery Products, Snacks & Savory Products, and Others. Based on Sales Channel, the market is segmented into Indirect Sales, and Direct Sales. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Cargill, Incorporated
- Wilmar International Limited
- Bunge Limited
- Associated British Foods PLC (Wittington Investments Limited)
- The J.M Smucker Company
- Premium Vegetable Oils Sdn Bhd
- Ventura Foods, LLC
- Namchow Holdings Co., Ltd.
- Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
- AAK AB
Market Report Segmentation
By Source (Volume, Tonnes, USD Billion, 2019-2030)- Vegetable
- Animal
- Bakery Products
- Confectionery Products
- Snacks & Savory Products
- Others
- Indirect Sales
- Direct Sales
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Shortening Market by Source
Chapter 5. LAMEA Shortening Market by Application
Chapter 6. LAMEA Shortening Market by Sales Channel
Chapter 7. LAMEA Shortening Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Cargill, Incorporated
- Wilmar International Limited
- Bunge Limited
- Associated British Foods PLC (Wittington Investments Limited)
- The J.M Smucker Company
- Premium Vegetable Oils Sdn Bhd
- Ventura Foods, LLC
- Namchow Holdings Co., Ltd.
- Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
- AAK AB
Methodology
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